The GameStop shares saw a massive surge on Monday, right after the Roaring Kitty tweeted on his account roughly after three years of hiatus.
Roaring Kitty tweeted a sketch of a gamer leaning forward on a chair, referencing his seriousness about the game. The tweet quickly went viral and had over 23 million views already.
— Roaring Kitty (@TheRoaringKitty) May 13, 2024
With his return tweet, GameStop’s share value increased dramatically, surging over 110% at its peak and eventually settling at 75%, as per Reuters.
But GameStop is not the only one to leverage the surge from Roaring Kitty’s comeback. The shares of theatre chain AMC also got caught up in the trading frenzy and saw a dramatic 78.4% rise.
Keith Gill, aka Roaring Kitty, the man who led the so-called Reddit rally causing a short squeeze in 2021, is back!
The Roaring Kitty, whose real name is Keith Gill, had been inactive since 2021 and was supposedly on hiatus.
But on Monday, May 14, 2024, he marked his return with a meme photo. It was a sketch of a man leaning forward while playing the game, which usually means he is serious.
Besides that, Roaring Kitty uploaded clips from various movies on his Twitter account. One of them was the scene from Avengers: Infinity War where Thanos is taking the Infinity Gauntlet.
But interestingly, none of those posts mentioned anything about the GameStop. Moreover, there is no clear clarification about what they mean.
— Roaring Kitty (@TheRoaringKitty) May 13, 2024
Keith previously worked as a marketer for Massachusetts Mutual Life Insurance. While his Twitter account goes by the name, Roaring Kitty, his Reddit username is DeepF*****Value (DFV).
He became famous in 2021 when he led the Reddit rally with his bullish analysis of video game retailer GameStop.
The rally caused GameStop’s shares to surge almost 21-fold within two weeks. At the time, Gill influenced people to buy and hold GameStop.
On January 28, 2021, the share value of GameStop went over $500, as per the MarketWatch.
However, according to CNET, the stock trading company Robinhood froze the trades for GameStop, citing issues with volatile stock. Now, the trading frenzy is back due to Roaring Kitty’s return.
Additional Information
- Born in 1986, Keith Patrick Gill is a famous American financial analyst and investor.
- He has a YouTube channel, Roaring Kitty, where Keith live streams and talks about stocks and investment research.
- With the current stock price of GameStop at $30, Keith Gill is estimated to have a net worth of around $30 million, as per TheStreet.
